Post by MikeTesteron Jan 24, 2025 7:13pm
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Post# 36420009
Hovnanian Enterprises (HOV): Weathering the Market Storms wi
Hovnanian Enterprises (HOV): Weathering the Market Storms wiKiller quarter for HOV. Numbers are looking spicy. 19.5% gross margin is sweet, up 170 basis points. Delivered 4.7% more homes and crushed costs by dropping base construction expenses 6%. Southeast segment popped 27.4% rev growth with 41.4% more deliveries. West segment also solid with 8.5% rev bump.Land strategy is smart. 80% of lots controlled through options now vs 45% in 2015. Reduced debt by $741M since 2020 and sitting on $280M deferred tax assets. Management guiding $2.75-3B revenue for 2024. Might add some shares here.BTW, BeyondSPX has high quality in-depth analysis on just about every US stock out there, even microcaps, for free. Great resource for digging into company fundamentals like this. https://beyondspx.com/article/hovnanian-enterprises-inc-hov-delivering-exceptional-returns-and-strengthening-the-balance-sheet